Brookfield Infrastructure completes $16 billion strategic acquisition of Inter Pipeline

On October 28, 2021, Brookfield Infrastructure Partners L.P., together with its institutional partners, completed the strategic acquisition of Inter Pipeline Ltd. (IPL) in a deal valued at approximately $16 billion. The transaction was initiated as an unsolicited offer by way of take-over bid to acquire all of the outstanding common shares of IPL for a combination of cash proceeds and shares in a Brookfield related entity, and culminated in the acquisition by Brookfield of all of the remaining outstanding shares of IPL by way of a subsequent acquisition transaction pursuant to a statutory Court-approved plan of arrangement under the Business Corporations Act (Alberta).

Norton Rose Fulbright served as special counsel to Brookfield Infrastructure Partners L.P. on matters pertaining to the pipelines and energy infrastructure businesses of IPL, including undertaking a significant due diligence review of IPL’s business segments and analysis of potential opportunities for the acquired businesses, and advising generally on certain aspects of Alberta law.

Norton Rose Fullbright’s team was led by Wayne Fedun (Business Law) and included Justin Ferrara (Business Law), Ryan Keayes (Business Law), Dion Legge (Tax), Rujuta Patel (Business Law), Alan Harvie (Business Law), Robin Acworth (Business Law), Lincoln Mitchell (Business Law), Steve Leitl (Litigation), Elizabeth Williams (Intellectual Property), Mike Bolitho (Business Law), Matthew Longstaff (Business Law), Jeff Landmann (Employment and Labour), Ray Chartier (Litigation), Andrew Schafer (Employment and Labour), Sean Wallace (Business Law), Kyle Havart-Crans (Business Law), Jennifer McPherson (Business Law), Etienne Godel (Business Law), Emily McDermott (Business Law), Joe Mooney (Business Law), Preston Brasch (Employment and Labour), Iwan Davies (Intellectual Property), Shelagh Burrowes (Employment and Labour), John Jiang (Business Law), and Richard Li (Business Law).

McCarthy Tetrault LLP served as M&A counsel to Brookfield with a team led by Jonathan See, Scott Bergen and Robert Richardson that includes Cameron Belsher, Jake Irwin, Michel Bergeron, Alyson Goldman, Jessica Brown, Hailey Schenker, Paulina Bogdanova, Sarah Chiavarini, Prateek Gupta, Daryna Kutsyna, Connor O'Brien, Rene Sorell, David Woollcombe, John Osler, Suleiman Semalulu, Farhiyah Shariff and Jaclyn Wang (Corporate/M&A), Raj Juneja, Patrick McCay, Kabir Jamal, Anthony Campione and Emily Leduc Gagné (Tax), Candace Pallone, Ian Mak, William Lee and Christina Grimes (Financial Services), Isabel Henkelman and Laura Alford (Real Property), Jonathan Bitran, Oliver Borgers and Erin Keogh (Competition/Antitrust), Shane D'Souza, Cassidy Bishop, Carley Frazer, Geoff Hall, Sean Kelly, Julie-Martine Loranger, William Main, Jonathan Nehmetallah and Kara Smyth (Litigation).

Burnet, Duckworth & Palmer LLP served as M&A and corporate counsel to IPL with a team led by Bill Maslechko and James Kidd (Business Law/M&A) and included Bronwyn Inkster (Business Law/M&A), Alicia Quesnel, Carolyn Wright and Mike Henry (Regulatory and Engery), Heather DiGregorio (Tax), Gina Ross (Employment and Labour) and Jeffery Sharpe, Andrew Sunter, Paul Chiswell and Joanne Luu (Litigation).

Lawyer(s)

Wayne W. Fedun Rujuta Patel Robin Acworth Matthew Longstaff Andrew Schafer Jennifer McPherson Jonathan See Scott Bergen Jake Irwin Jessica Brown Raj Juneja Ian Mak Isabel Henkelman Julie-Martine Loranger Kara Smyth Bronwyn Inkster Heather DiGregorio Andrew Sunter Joanne Luu

Firm(s)